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Independents' refining margins for imported crude turn positive

Guangzhou (JLC), August 6, 2026--Shandong-based independent refiners' refining margins for imported crude turned positive in early August, as crude costs dropped rapidly and sales revenue increased.

08-06-2026 16:05:40

China INE crude dips after Saudi Arabia’s naval coalition proposal

Guangzhou (JLC), July 31, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday following Saudi Arabia’s proposal to establish a multinational co

07-31-2026 19:01:58

Crude stocks at Shandong ports slip to over 45-month low

Guangzhou (JLC), July 30, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports fell further in the week ending July 30, hitting a new low in more than 45 months.

07-30-2026 18:37:11

Crude stocks at Shandong ports hit over 17-month low

Guangzhou (JLC), July 23, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports fell further in the week ending July 23, hitting a new low in more than 17 months.

07-23-2026 19:07:14

Shandong independents' crude refining margins improve

Guangzhou (JLC), July 23, 2026--Shandong-based independent refiners' crude refining margins improved in the week to July 22, because of an increase in their sales revenue.

07-23-2026 16:24:35

China INE crude price moves sideways

Guangzhou (JLC), July 17, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) was range-bound on Friday amid geopolitical uncertainty.

07-17-2026 18:43:02

Independents' refining margins for imported crude turn negative

Guangzhou (JLC), July 16, 2026--Shandong-based independent refiners' refining margins for imported crude turned negative in mid-July as crude costs inflated.

07-16-2026 13:58:25

China INE crude price soars amid US naval blockade against Iran

Guangzhou (JLC), July 14, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) surged on Tuesday after the United States reinstated a blockade of Iranian ports.

07-14-2026 19:15:40

Yan'an Refinery refines over 3 mln mt of crude in H1 2026

Guangzhou (JLC), July 2, 2026--Yan'an Refinery under Shaanxi Yanchang Petroleum Group processed about 3.12 million mt of crude oil in the first half (H1) of 2026.

07-02-2026 18:58:01

Independents' refining margins for imported crude turn positive

Guangzhou (JLC), July 2, 2026--Shandong-based independent refiners' refining margins for imported crude turned positive in the week to July 1, as crude costs decreased further.

07-02-2026 16:18:34

Shandong independents' run rates hit over six-year low

Guangzhou (JLC), July 1, 2026--Shandong independent refiners' operating rates fell to the lowest in more than six years in the week ending July 1, JLC’s data shows.

07-01-2026 19:06:14

China INE crude price slips further on recovering Mideast oil exports

Guangzhou (JLC), June 25, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to drop on Thursday due to a gradual resumption of crude exports from the M

06-25-2026 18:59:50

Shandong independents' run rates slip for seventh straight week

Guangzhou (JLC), June 10, 2026--Shandong independent refiners' operating rates fell further in the week ending June 10, the seventh consecutive week of drops, JLC’s data shows.

06-10-2026 19:20:00

China’s crude imports slump to over-eight-year low

Guangzhou (JLC), June 9, 2026--China's crude oil imports in May 2026 slumped to a new low in over eight years, because of the shipment disruption amid the closure of the Strait of Hormuz and high pric

06-09-2026 18:08:29

CNOOC's Kenli 10-2 oilfield Phase-1 development project starts running

Guangzhou (JLC), May 29, 2026--CNOOC's Phase-1 development project for Kenli 10-2 oilfield cluster, China's largest offshore shallow-layer lithologic oilfield, became fully operational recently, Peopl

05-29-2026 18:30:18

Crude stocks at Shandong ports retreat on lower feedstock arrivals

Guangzhou (JLC), May 28, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports plunged in the week ending May 28 due to fewer feedstock arrivals.

05-28-2026 19:02:19

Zhoushan approves EIA report for ZPC's Mamu oil storage expansion

Guangzhou (JLC), May 27, 2026--Zhoushan municipal ecological environment bureau released a notice earlier this month, approving the environmental impact assessment (EIA) report of the expansion projec

05-27-2026 19:00:26

China receives less crude from the Middle East in April

Guangzhou (JLC), May 21, 2026--China received less crude from most of Middle Eastern countries in April 2026 amid the continued closure of the Strait of Hormuz.

05-21-2026 14:53:02

China INE crude price moves sideways amid geopolitical uncertainty

Guangzhou (JLC), May 19, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) was range-bound on Tuesday amid uncertainty about the situation between the United Sta

05-19-2026 19:11:31

State-owned refinery run rates stay at over six-year low

Guangzhou (JLC), May 15, 2026--Chinese state-owned oil refineries' run rates fell further in the week ending May 13 (Wednesday), remaining the lowest in more than six years, JLC’s data shows.

05-15-2026 16:49:38

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